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Nov 27, 2012 6:00pm PST
avoid it so far. the impasse is over raising tax rates on upper bracket income earners. republicans say they're willing to consider a tax hike but they want larger cuts made to benefit programs. the small business leaders came to avoid the cliff and tax hike on the middle class. on friday he's off to philadelphia where he will make a public case for his strategy and two gop leaders. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail. >> the election was conclusive in terms of which path the majority of the american people want to take. >> house republicans are also planning to hold events in the coming weeks with small business owners to highlight the effects the tax increase could have on them and their likelihood. how does the fiscal cliff impact california? larry, a lot of talk on how it will impact high earners. a lot of middle income class folks could feel it as well. >> if we go over the fiscal cliff, we're going to suffer as much as anyone else. that in itself is a distressing combination. of 2 million jobs
Nov 20, 2012 6:00pm PST
conducted investigations. we know he owes a lot of unpaid taxes to the irs and the state. but a group of investors wants to know how he's getting away with everyone's money. >> and i have invested over $200,000. >> i have defrauded out of at least $25,000. >> they are all part of his money trail, willing investors joining a growing list of victims. >> i lost over $50,000. >> i invested more than $100,000. >> how many of you thought this was a good investment? they are also part of a group, 18 different bay area investors, a total of nearly $2 million. how many of you believe you're a victim of a crime? >> there's something wrong when all those people put up their money and got nothing back. >> harry osborne has an inside perspective. he worked as a saleman for the guy who has all their money. he watched the investment opportunity crumble. >> i think a lot of this was a scam, too. i think he was paying the interest from the people who were putting more money in. >> here's how it worked. investors were lured by advertisements in the san jose mercury and other newspapers promising a 10%
Nov 26, 2012 6:00pm PST
, scott. all the online shopping means big bucks thanks to a new sales tax on internet purchases. this cyber monday is expected to bring in tens of millions of dollars. that went into effect december 15th. the purpose is to require retailers to charge customers online the moment they buy something. usually when they pay their income taxes. so far california officials have only managed to identify a few retailers as being subject to the new law, though. >> if you're an out of state retailer and you collect more than a million dollars in sales in california, and you have at least $10,000 worth of referrals from instate retailers, then you're obligated to pay that tax. >> did you get that? by 201614 states will collect sales tax from online purchases. >>> a hoax made the rounds today involving google and a company it didn't buy. they claimed they bought another company. they apparently bought the company for $400 million. both companies insist there's no such deal. no one has been able to track the source. they are not worth nearly the $400 million that the fake press relief says. h
Nov 28, 2012 6:00pm PST
. >> reporter: ground work was laid when amazon agreed to start collecting state and local sales tax in california. two distribution centers were opened. >> it is a point of sale so sales tax revenue will be very welcomes. >> reporter: the potential for 1,000 jobs was also welcome news at the work net employment centers job seekers were buzzing with possibility. >> they told me here that once it is opened they are going to start doing interviews here. i will be banging on the door. >> reporter: amazon didn't respond to requests and tracy's mayor was unavailable. churchill says work has been done on the site and an official announcement is imminent but dropped pretty good hints. >> the economy is changing and online shopping continues to be prominent. we think this is at the front edge of that trend. >>> wal-mart is moving forward with plans to expand its antioch store. california health and environmental groups filed a lawsuit saying it had under estimated potential economic and environmental effects on the bay area. call mart called the court's decision a win for customers, job seekers
Nov 23, 2012 6:00pm PST
common ground to avoid $500 billion in tax increases. several unions launched an ad campaign, pressuring lawmakers to protect entitlement programs. >> for working families, it's not about cutting things we rely on most. >> reporter: advocates for the elderly, weaponsmakers, the oil and gas industry, even charity. >> congress has failed to do its job for the past ten years and they are so far continuing to fail to do their job. >> reporter: rick edleman worries the tug of war could end with no solution. a real possibility, as democrats reject spending cuts and republicans resist tax increases. >> if you're in congress, you can reduce taxes on january 2 relative to the new rates that prevail starting then. >> reporter: it's a dance analysts doubt lawmakers will risk taking. >> since it will affect every voter, i suspect there whether be a deal. >> reporter: lawmakers will start next week committed to compromise. in washington, danielle lee, nbc news. >>> in health matters tonight, news for patients who take medication for high cholesterol. those two take the generic form of lipitor could c
Search Results 0 to 4 of about 5